Energy Efficient Lighting Technology Market Scope
Energy-efficient lighting is referred to as the situation when energy usage of a product is reduced without affecting its output and final response and user comfort levels. Energy-efficient product consume less energy to perform same function when compared to the same product with more energy consumption. Energy-efficient lighting saves electricity while maintaining good quality & quantity of the light.
The Energy Efficient Lighting Technology market study is segmented by Type (Incandescent Lamp (Halogen Lamps,Others), Light-Emitting Diode, Arc Lamp (Xenon Arc Lamp, Mercury Xenon Arc Lamp, Ultra-High-Performance Lamps,Metal Halide Lamp) and Gas Discharge Lamps (Compact Fluorescent Lamp, Linear Fluorescent Lamps, Mercury Vapor Lamp, Neon Lamp, Sodium Vapor Lamp, Electrode less Lamp)), by Application (Commercial, Residential, Industrial and Other) and major geographies with country level break-up.
The market analysis entails a section solely dedicated for major players in the Energy Efficient Lighting Technology Market wherein our analysts provide an insight to the financial statements of all the major players along with its key developments product benchmarking and SWOT analysis. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Energy Efficient Lighting Technology market throughout the predicted period.
Bajaj Electricals Ltd (India), Bridgelux, Inc. (United States), Cree, Inc. (United States), Digital Lumens, Inc. (United States), LIGMAN Lighting Co., Ltd. (Bangkok), Eaton Corporation (Ireland), General Electric Co. (United States), LED Roadway Lighting Ltd. (Canada), Nichia Corporation (Japan) and OSRAM Licht Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Philips Lighting Holding B.V (Netherlands), Toshiba Lighting & Technology Corporation (Japan), Zumtobel Group AG. (Austria), GE Lighting (United States) and Cooper Lighting (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Energy Efficient Lighting Technology market by Type, Application and Region.
On the basis of geography, the market of Energy Efficient Lighting Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- The growing sales of electronic ballasts
- Increasing government initiatives towards adoption of energy efficient solutions coupled with green building initiatives
- Increasing awareness among consumers regarding energy efficient products and devices
- Increasing adoption of energy efficient lighting technology by various enterprises
- Technological advancements towards product development
- Product offering
- Growing policy push toward lowering the carbon footprint
- High initial and implementation cost
- Huge environmental damage due to climate change
Key Target AudienceDealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End Use Industry, New Entrants/Investors, Analysts and Strategic Business Planners and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Energy Efficient Lighting Technology Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.